Marks and Spencer Group (LON:MKS) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Marks and Spencer Group plc (LON:MKS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 347.57 ($4.37) and traded as high as GBX 384.01 ($4.83). Marks and Spencer Group shares last traded at GBX 381.80 ($4.80), with a volume of 4,488,390 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Marks and Spencer Group in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 327 ($4.11).

Marks and Spencer Group Stock Performance

The company has a debt-to-equity ratio of 110.71, a quick ratio of 0.42 and a current ratio of 0.86. The business’s 50-day moving average is GBX 382.28 and its 200-day moving average is GBX 347.78. The company has a market capitalization of £7.64 billion, a PE ratio of 1,801.43, a PEG ratio of 0.20 and a beta of 1.62.

Marks and Spencer Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 28th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.26%. The ex-dividend date is Thursday, November 28th. Marks and Spencer Group’s dividend payout ratio (DPR) is presently 1,428.57%.

Marks and Spencer Group Company Profile

Marks and Spencer Group plc operates various retail stores. It operates through: UK Clothing & Home, UK Food, International, Ocado, and All Other segments. The company offers protein deli and dairy; produce; ambient and in-store bakery; meals dessert and frozen; and hospitality and Food on the Move’ products.